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On December 1, 2017, Dublin Ltd

Question 113

Multiple Choice

On December 1, 2017, Dublin Ltd.exchanged 10,000 of its no par value common shares (being held in the treasury) for a used machine.The treasury shares were acquired by Dublin for $35 per share.On the date of the exchange, the common shares, which had originally been issued at $30 per share, had a market value of $55 per share.As a result of this exchange, Dublin's total shareholders' equity will increase by


A) $300,000.
B) $350,000.
C) $400,000.
D) $550,000.

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